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DOJ Takes Down Ransomware Network, Seizes $9M in Cryptocurrency

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DOJ Takes Down Ransomware Network, Seizes $9M in Cryptocurrency

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Benzinga

15 Views • Aug 31, 2023

Description

The Justice Department and international partners have taken down a criminal ransomware network called Qakbot, which caused significant financial damage and targeted individuals, small businesses, healthcare providers, and government agencies. The operation, known as "Operation Duck Hunt," also seized nearly $9 million in cryptocurrency and involved redirecting Qakbot's cyber activity to servers controlled by U.S. investigators. While no arrests have been made, 52 servers were seized, and the investigation is ongoing.